Merger Transaction (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Business Acquisitions, by Acquisition

The fair value of the consideration transferred for the Mergers totaled $220.9 million and consisted of the following:



	As of Merger Date
Fair value of consideration transferred:
Cash	$	—
Common stock	220,868
Total consideration transferred	$	220,868

The following table presents the allocation of the assets acquired and liabilities assumed during the six months ended June 30, 2017 based on contract purchase price and exchange rate at the time of purchase. There were no acquisitions during the six months ended June 30, 2016.



	Six Months Ended
(Dollar amounts in thousands)	June 30, 2017
Real estate investments, at cost:
Land	$	5,443
Buildings, fixtures and improvements	22,131
Total tangible assets	27,574
Intangibles acquired:
In-place leases	4,003
Above market lease assets	47
Below market lease liabilities	(1,334		)
Total assets acquired, net	30,290
Mortgage notes payable used to acquire real estate investments	—
Cash paid for acquired real estate investments	$	30,290
Number of properties purchased	3

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed, including all measurement period adjustments as of June 30, 2017.



(Amounts in thousands)	Global II
Total consideration:
Fair value of Company's shares of Common Stock issued, net of fractional shares	$	220,868
Assets acquired at fair value
Land	70,176
Buildings, fixtures and improvements	384,428
Acquired intangible lease assets	111,097
Total real estate investments, at fair value	565,701
Restricted cash	7,575
Derivatives, at fair value	21,808
Prepaid expenses and other assets	1,317
Related party notes receivable acquired in Merger	5,138
Due from related parties	1,463
Deferred tax assets	368
Goodwill and other intangible assets, net	18,204
Total assets acquired at fair value	621,574
Liabilities assumed at fair value
Mortgage notes payable	279,032
Mortgage (discount) premium, net	(2,724		)
Mezzanine facility	107,047
Mezzanine discount, net	(26		)
Acquired intangible lease liabilities, net	8,510
Derivatives, at fair value	3,911
Accounts payable and accrued expenses	7,212
Prepaid rent	6,001
Deferred tax liability	9,063
Taxes payable	1,661
Dividend payable	2
Total liabilities assumed at fair value	419,689
Net assets acquired excluding cash	201,885
Cash acquired on acquisition	$	18,983